Bitcoin and Crypto Stocks Rally as Bitcoin Hits 17-Month High
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Bitcoin mining stocks like Marathon Digital, Riot Platforms and CleanSpark rallied 10%-12% as bitcoin traded near its highest price since May 2022.
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The stock market rallied, with the Dow Jones posting its best day since June. Crypto-related stocks like Coinbase also rose.
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Bitcoin hovered around $35,000 after reaching its highest level in 17 months. Ether lingered around $1,800.
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Solana cooled off after doubling its price in 2+ weeks. The token dipped from its 14-month high of $46.60.
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Bitcoin may stabilize around current levels absent a catalyst, with $32,000 seen as the price floor, per trading firm QCP Capital.